During the holiday season, it is easy to feel overwhelmed and stressed about not having enough money to spend on your loved ones. An unfortunate reality is that debt is becoming about as common as Christmas trees and turkey dinners. It’s important to remember that you do not have to go into debt to show how much you care. Here are some tips to help you enjoy the holiday cheer without the financial fear.

Tip #1 - Develop a budget and stick to it

Decide how much you can afford to spend this year. Gifts, travel expenses, and holiday meals are the top three budget categories but don’t forget to include things like gift wrap, postage, and the holiday tips you may give to people such as your doorman, babysitter, and mail carrier.